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Monday, November 30, 2015

Is The Global House Of Cards Finally Going To Collapse?

After the panic low in the stock market on Monday, August 24, traders were hoping for a “V” bottom, and stocks did bounce back quickly for a couple of days, But since then stocks have not made any progress and are again turning over. This action suggests that August low is going to re-tested. If that low does not hold, there could be a bloodbath.

Sometimes stocks become overpriced relative to their true underlying value, and sometimes we see the reverse. When stock prices are undervalued, the equity ownership conveyed by the stock is worth more than the price. The important point is that most investors do not factor into their economic calculations when evaluating stocks whether the dollar — the measuring stick — is itself overvalued or undervalued.

- James Turk via a recent King World News interview